BEIJING/SHANGHAI : Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The ... ( read original story ...)
China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll
China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern ... ( read original story ...)
Loan woes, China’s troubled property market hits banks
Troubling news continues to flow from China’s property market as a series of mainland developers report sharp slowdowns and even reversals from last year’s robust first-half profits before the current ... ( read original story ...)
China’s Bank of Communications warns of property market risks
BEIJING/SHANGHAI (Reuters) -China's Bank of Communications (BoCom) on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit. "Asset quality ... ( read original story ...)
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China's state-backed financial institutions are pushing back on Beijing's calls to support the embattled property sector due to concerns about the impact of such exposure on their balance ... ( read original story ...)
EXCLUSIVE Some Chinese financiers cold shoulder Beijing’s property rescue call-sources
Some of China's state-backed financial institutions are pushing back on Beijing's calls to support the embattled property sector due to concerns about the impact of such exposure on their balance ... ( read original story ...)
China’s property market is in freefall. What does this mean for the world economy?
The sector is dangerously overheated – but unlike the 2008 financial crisis, the global ripple effect is likely to be limited, says professor of economics Keyu Jin ... ( read original story ...)